Program Brief

An analysis of the financial statements of insurance companies contributes to understanding the situation of the company's finances to assist in assessing its financial position and the extent to which it is able to meet its financial obligations to regulatory authorities and stakeholders to make the appropriate decisions. Through this program, participants will gain the knowledge and skills necessary to read and analyze the financial statements of insurance companies according to the best internationally recognized standards in the insurance industry.

Program Goals

At the end of the training program, the participant should be able to:

  • Recognize the types of financial statements to determine their role in evaluating the financial performance of insurance companies.
  • Familiarize with the International Financial Reporting Standards “IFRS" to understand how they can be used to analyze the financial statements of insurance companies.
  • Analyze accurately the financial statements according to the different types of analyses of the financial statements of insurance companies
  • Assess the financial position of insurance companies, using the analysis mechanisms of the financial statements to take appropriate decisions.
  • Understanding the accounting standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions “AAOIFI” related to Islamic insurance to identify their relationship to the financial analysis of insurance companies.
Program Agenda
Module 1: The Types of Financial Statements
  • 1 Income statement

    • 2 Cash flow statement

      • 3 List of changes in equity

        • 4 Balance sheet

          • 5 Notes on the financial statements

            Module 2: International Financial Reporting Standards “IFRS”
            • 1 The concept of international accounting standards

              • 2 The nature and characteristics of international accounting standards

                • 3 International Financial Reporting Standards

                  • 4 Compliance with International Financial Reporting Standards

                    Module 3: Types of Financial Statements Analysis
                    • 1 Financial structure analysis

                      • 2 Cash flow analysis

                        • 3 Comparative analysis

                          • 4 Mathematical analysis

                            • 5 Analysis based on indices

                              • 6 Financial analysis according to its relationship with time

                                Module 4: The Importance of Analyzing the Financial Statements of Insurance Companies
                                • 1 Helping management to set future goals

                                  • 2 Statement of operational and financial performance of the company

                                    • 3 Determine the company's weaknesses and ways to treat them

                                      • 4 Support management in correcting errors as they occur

                                        • 5 Discover new investment opportunities

                                          • 6 Measuring of insurers' chances of acquiring financing to increase solvency

                                            Module 5: The Steps of Analyzing the Financial Statements
                                            • 1 Calculate common size ratios using the balance sheet

                                              • 2 Calculate common size ratios using the income statement

                                                • 3 The application of calculating the ratio of debts as well as total sales to the capital of the company

                                                  • 4 Using balance sheet data

                                                    • 5 Implementers of internal and external financial analysis

                                                      Module 6: The Accounting Standards Issued by the Accounting and Auditing Organization for Islamic Financial Institutions “AAOIFI”
                                                      • 1 General presentation and disclosures in the financial statements of Islamic insurance companies

                                                        • 2 Disclosure of bases for determining and allocating surplus or deficit in Islamic insurance companies

                                                          • 3 Provisions and Reserves in Islamic insurance companies

                                                            • 4 Contributions in Islamic insurance companies

                                                              Program Requirements

                                                              Not Available

                                                              Program Path

                                                              Names of the training programs that are integrated (enriched) with the training program:

                                                              • Not Available

                                                              Names of the training programs that after the training program:

                                                              Program Method
                                                              • Lecture
                                                              • Brainstroming
                                                              • Practical Implementation
                                                              • Dialogue Teams
                                                              Evaluation Method
                                                              • Pre Exam
                                                              • Post Exam
                                                              Training Type
                                                              • In Class Training
                                                              • Online Training
                                                              Partners
                                                              • high Investment Academy for Training

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